Proposal 0023 -- OUSD Prep

0023-OUSDPrep/0023-OUSDPrep.md

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+# 0023-OUSDPrep
+
+- Status: Proposed
+- Authors: Optim Labs
+
+## Treasury Allocation
+
+In order to prepare ourselves for the OUSD launch, we must seed the liqudity for it. A brave move in interim to have the $O token be the primary source of wanUSDC liquidity on Cardano is proposed.
+
+## Liquidity Adjustments
+
+Withdraw 1M out of 1.1M (OADA + ADA) liquidity from the OADA/ADA stableswap. Swap all ADA into wanUSDC, and keep the OADA for the OADA/OUSD pool. 
+Withdraw the liquidity from the O/ADA pool on Splash and use the ADA to acquire wanUSDC. Provide the liquidity back.
+Withdraw the liquidity from the O/OADA pool on Splash and convert 500k OADA into wanUSDC. Provide it as liquitiy back.
+Withdraw the liquidity from the OADA/ADA pool on Wingriders and convert all of it into wanUSDC. Sideline it into the ODAO Treasury.
+
+Liquidity mangement, fees and dex allocation remain under control of ODAO Council.
+
+Execution of the swap at best possible rate given a reasonable window of ~7 days after the proposal is accepted is given to Optim Labs.
+
+The intention is to, after the launch of OUSD, is to use the wanUSDC stable as a reserve asset and convert this liquidity into OUSD.
+
+## Treasury Adjustments
+
+Using 675k ADA in Treasury and ~100k in sOADA as OADA fees, acquire wanUSDC for the purposes of further management of our launch of OUSD in the coming months.
+
+Execution of the swap at best possible rate given a reasonable window of ~7 days after the proposal is accepted is given to Optim Labs.